Analysts Just Decreased Price Targets of These 5 Stocks

3. Ameriprise Financial, Inc. (NYSE:AMP)

Number of Hedge Fund Holders: 39

Goldman Sachs slashed its price target for Ameriprise Financial, Inc. (NYSE:AMP) from $325 per share to $270 per share on Friday, June 24, 2022. The research firm also downgraded the Delaware-based financial services company from “Buy” to “Neutral.”

Goldman Sachs analyst Alexander Blostein thinks that market drawdowns can impact the company’s profit mix. Blostein also referred to the dwindling asset management growth of Ameriprise Financial, Inc. (NYSE:AMP). Blostein added that some of the best flowing products of Ameriprise Financial, Inc. (NYSE:AMP) are experiencing performance and capacity challenges.